WaveBL Raises $11M in Additional Funding to Expand Digital Trade Document Offerings

digital IN M TO 2024-01-12 70
Digital trade document company WaveBL, based in Wilmington, DE, has secured an additional $11 million in funding, bringing the total amount raised in its Series B round to $37 million. The funding will be used to expand the company's offerings and support scenarios. WaveBL's digital platform uses proprietary blockchain technology to enable the instant, encrypted, and authenticated transfer of electronic Bills of Lading and other trade documents, complying with universal processes and regulations. The investment, from unnamed strategic ventures in the supply chain and trade finance, will help the company offer a comprehensive digital trade documents solution worldwide.